Flushing Savings Bank Provides $1.65M Refinance Loan On Harlem Mixed-Use Property
2169 Third Avenue
5,000 SF
Summary
Located in the vibrant neighborhood of Harlem, the mixed-use property at 2169 Third Avenue has recently undergone a refinancing transaction. The property spans 5,000 square feet and offers a versatile space for commercial and residential purposes. With its prime location and diverse potential, the property attracted the attention of both buyers and lenders.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,650,000
- Market: Harlem
- Address: 2169 Third Avenue
- Loan Type: Refinance
The loan for this transaction was secured from Flushing Savings Bank. With a loan amount of $1,650,000, the terms of the loan were set at 10/25, with an annual interest rate of 3.30%. The loan-to-value ratio (LTV) stood at 75%, providing a favorable financing structure for the property owner. Facilitating the deal was Alex Dobosh of HKS Real Estate Advisors, serving as the broker representative for the transaction.
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